The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-10-07
APPEAL 0PTIoE,-


Money rates chow NO. change, cur
rent quotations. being 8 per GEN., with
Indications Of an easier market in the
near future.
The local cotton market closed
steady and up l.l6c OF all grad &c.
New York spots closed steady, With
futures steady end advanced 8 TO D
POINTS. o. l.. Greene x %. say;
"Thers was An ac.ive trading In cot
ton contracts aud qnite a sharp up
ward turn, with a gain OF 7points'
During the stternoon tho advance
drew out an Increased Offering, and
some liberal selling took place, under
which extreme figures were shaken,
and tbs close was steady, at 3 points
above last evening" At New Or
leans spots cloped steady and
up l.l6c on low middliDg, middling
and good middling. Futures closed
steady, and up to 8 pointF. TIE
Liverpool market was quoted hrm,
good demand and with futures eteady.
The local general market is firm, aud
our merchants state that their sales OF
all sorts { I merchandise are unusually
large, aud the record of the autumn
sales promises TO be gratifying one,
Country merchants and planters are
stronger commercially and money is
more pIent iul Win them than it has
90 far this season, ard they fad the
dsmand for money in tbs country far
less than ugusi. At New York canned
goods are steady, holders Of tomatoes
anticipate higher prices, the nominal
price beirg Sl.0j; corn is shade
weaker, peaches are oflersd freely,
salmon 10 joobing freely, and
domestic sardines can be OBJ
tanned q, 1915 to f9.37i, As to
coffee, business simply draSs, with q
few points profit only possible. The
rice market presents steady appear.
snce the new crop lie coming to hand
moderately and tue dem ,ud about
keeps abreast Of receipts, with no sur.
plus stock developing. Tae quality
OF Savannah stock this year is dnusu
ally fine. The manufacture II cor
ghum sugar in Kansas is q grow ns
industry. Six new factories for iht
manufacture OF the article have beer
started in various parts Of the State
and they promise to put the produc
on the market at very low price
According to the Kan'aI City Com
mercisl, ",he late results that are bs
Dg obtained at the plant which i
located al Fort Scott is encouraging
indeed, and everybody is speAkirl
good worts FOR II. one man can farm
6ity acres OF sorghum very comiSri
ably. Fifty acres yielding ten tons pc
acre lie $50 tons OF cane. Now. fror
this the farmer gets $3.50 worth O
seed, and the last reported ruu, q
given above, ll5 pounds Of sugar
had from each ton Of cane, which
1850 pounds per acre, or for the tiii
acres $500 pounds. This at the lo'
est figure possible, 8 cents per poun'
is the spug cum Of $3.50. and fiItes
gallons Of syrup TO the ton
$50 gallons per acre for the DIT
acres 1900 gallons. This should be
for 20 cents per gallon, which lie 81 80
more, making the sum Of fi,625 n
ceiyed from fifty acres. Now, aits
deducting tbs sun Of III PSF tor
which Il costs 20 mill, which is 81
per sore, or for eft, acres $500, d.
from the product, and We have q n,
prof. Of IS l25 from fifty ecree. {
ourse this 10 the olelr net prof. o.
be cane, sud does no, include an
change OF prsii. to the people oWniH
the mill or plant; but 81 900 year
each farmer working City acres I
sorghum 10 not very bad"
ELEVATOR RrFoRri.
The following ehows tho amount
grain received, Withdrawn and 10 slo
by regular elevator, ~ reported 20 q
MercbG1S' exchange today; Wines
in store, 5i,2i3 bus. C1rn IN etor
3 sol bus. Oits received, l,755 bus
Withdrawn, {. 500 bus In store. o.
36i bue.